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In America, the rich controls the government. In China, the government controls the rich.
(lemmy.ml)
this post was submitted on 17 Feb 2025
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China has a really high population so the total count numbers are going to seem high.
The second column tells you that it's a whopping 0.6% of China's population while every other country is between 2.7% and 8.5%. Guess which country is the 8.5%
yes i know, i was well aware of that when posting it.
https://redsails.org/china-has-billionaires/
That Australian number seems inflated by property. People bought houses 40 years ago for a handshake and a nod and now the houses are "worth" 2 million dollars or whatever. But if you sell your house you need to buy another one and they come in 2 sizes: million dollar family home or million dollar shoebox studio in the city.
So it's monopoly money.